Signify and Gila Al Tawakol Electric launch Joint Venture

"We are delighted to partner with a strong regional player with many decades' of experience in manufacturing, access to leading talent, a robust supply network, and exceptional industry knowledge."

''We are pleased to launch our new venture with Signify, a company that mirrors our unwavering commitment to the highest standards of quality and service." stated Mokhles Tawakol, CEO GILA Al Tawakol Electric

Ramy Tawakol, business development director, GILA Al Tawakol Electric added: "The newly established site in Egypt will offer a sustainable product, leveraging its strategic location for efficient delivery to customers across Africa, MENA region, and Europe."

Gila Electric is a manufacturer, distributor, and seller of quality electrical products, with a robust legacy of more than 50 years' manufacturing expertise. Its highly skilled engineers and technical competencies combined with Signify's market leading lighting innovations will unlock high-quality, efficient production at a site within easy reach of customers in Egypt, the Middle East, and beyond.

Signify will retain 60% equity in the new entity, Signify Gila Lighting Technologies, and will take on operational control of the business. The venture will be located near Cairo, where it will manufacture state-of-the-art LED lamps and luminaires. It is expected to be fully operational in the first quarter of 2025.